Vegemite dates back to 1922 when the Fred Walker Company, which became Kraft Walker Foods in 1926 and Kraft Foods Limited in 1950, hired a young chemist to develop a spread from one of the richest known natural sources of the vitamin B group - Brewers Yeast.

Following months of laboratory tests, Dr. Cyril P Callister, who became the nation’s leading food technologist of the 1920s and 30s developed a tasty spreadable paste. It came in a two ounce (57g) amber glass jar capped with a Phoenix seal with the label "Pure Vegetable Extract".

In an imaginative approach, Walker turned to the Australian public to officially name his spread. He conducted a national trade-name competition offering an attractive 50 pound prize pool for the finalists. It was Walker`s daughter who chose the winning name out of the hundreds of entries. That winning name was Vegemite and in 1923 Vegemite first graced grocers` shelves. It was described as "Delicious on sandwiches and toast, and improves the flavour of soups, stews and gravies". However, it took 14 long years of perseverance from Walker before Vegemite finally gained acceptance and recognition with the Australian people.

18-May-2017 : Chris McLaughlin : I could not find the vegemite memorial at the corner of Kerferd Road and Canterbury Road. I asked about it in the relevant building, but no-one knew anything about it.

Also, the GPS data for this entry is incorrect. The building is on the opposite corner at GPS 37.842046 : 144.959954 (that is, the building is on the south-east corner, not the south-west corner, and is shown on Google Maps as being the MSAC Institute of Training).